High Court of Judicature at Allahabad
Case Law Search
M/S Dwarika Dheesh Constructions Thru' Partner & Others v. State Of U.P. And Others - WRIT - C No. 63407 of 2005  RD-AH 3875 (3 October 2005)
Hon'ble R.K.Agrawal, J.
Hon'ble M.Chaudhary, J.
The question involved in this petition is regarding the stamp duty to be charged on security deposit under the provisions of Indian Stamp Act. This question has been considered in detail by a Division Bench of this Court in Writ Petition No. 35096 of 2004 (M/s Strong Construction vs. State of U.P. and others) decided on 22.3.2005 connected with 91 other writ petitions.
In view of the aforesaid decision, we direct the respondents not to compel the petitioner to pay stamp duty on security deposit in question treating it as ''mortgage deed' and to charge stamp duty on such ''securities' as provided under Article 57(b) of Schedule l-B of the Indian Stamp Act.
The writ petition, therefore, succeeds and is allowed to the extent indicated above.
Double Click on any word for its dictionary meaning or to get reference material on it.